Senior Audit Manager, Data Risk

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The Commonwealth Bank of Australia (Bank) is Australia's leading provider of integrated financial services. They are committed to continuously improving governance practices and ensuring that they are aligned with business, stakeholders and customers’ needs. Group Audit and Assurance (GA&A) are the internal audit function for the Group. Their primary purpose is to provide independent and objective assurance of the effectiveness of the Groups risk management, controls and governance processes. 

Evolving customer expectations, competitive threats and pace of change require GA&A to support the business with new insights and risk coverage that puts customers first and to continue to provide insightful assurance to the Board. As digital technology disrupts and transforms entire industries and ways of working, GA&A is committed to keeping pace and continually reimagining themselves with the latest global best technology and innovation.

Over the last three years GA&A has increasingly embedded digital assurance into audit activities, injecting Artificial Intelligence (AI) into routine control testing and using digital tools to improve the overall experience for employees. 

By reducing administrative overhead, GA&A have increased their teams capacity for high value judgement-based activities and expanded their support to include sharing knowledge and tools that create better risk coverage across the Bank for all Three Lines of Assurance. With global-best digital tools that harness the power of data, analytics and AI, GA&A are delivering smarter, faster and safer outcomes to address current and emerging risks and provide better assurance outcomes for our customers and community. GA&A was recognised as an ABA100 winner for both Risk Management and Business Innovation in The Australian Business Awards 2023.

See yourself in our team

As part of GA&A, the Models, Data and Artificial Intelligence (AI) Audit team is focusing on Model Risk, Data & AI across CBA. The Models, Data & AI team reviews the effectiveness of the processes, controls and governance that seek to mitigate the risks associated with our internal, external and regulatory obligations for these risks. In addition, our team provides support for Business Audit teams across a wide range of Banking concepts and provide expert SME knowledge.

You will play a pivotal role within Group Audit and Assurance, focusing on Data Risk, specifically data frameworks, data transfer activities, and ensuring compliance with relevant regulations and standards such as those provided by APRA and ASIC.

The role involves leading and supporting data related audits and supporting as a data SME, the GA&A Retail Banking, Business Banking, Investment Banking and Compliance teams, while ensuring alignment with both local and global regulatory requirements.

Do work that matters

• Subject matter expertise of data and records management, related enterprise governance program, and the associated risks and controls
• Lead the development and execution of the internal audit plan focused on data risk, ensuring alignment with the bank's overall audit strategy and risk management framework
• Conduct risk-based audits to assess the effectiveness of data management controls, data governance, data security and data privacy practices across various business units
• Ensure audits align with local and international regulatory requirements and standards
• Collaborate with data governance, cybersecurity, and line 2 teams to ensure a comprehensive approach to data risk audits
• Present audit findings and data risk exposures to stakeholders, including senior management and relevant stakeholders
• Participate to Data related risk committees as a strong representative of the GA&A function
• Ensure that corrective actions are appropriately designed, implemented, and effective in mitigating identified risks
• Foster a strong culture of data risk awareness within the audit team and across the business
• Support training programs and awareness initiatives related to data risk and contribute to the continuous improvement of the internal audit processes
• Maintain strong relationships with the GA&A leadership team, Regulators and External Audit to gain input and buy-in to strategic initiatives
• Subject matter expertise of data and records management, related enterprise governance program, and the associated risks and controls

We’re interested in hearing from people who possess

• Hands-on experience in data management and associated tools, reviewing data flows, validating data controls
• Strong experience of Internal Audit and compliance framework
• Strong understanding of data controls and interfaces
• Strong understanding of the landscape of Data Management, , including local and international regulations
• Preferred managerial experience of SME audit teams
• Excellent project management and organisational skills to deliver across multiple competing and time-bound priorities
• Strong verbal and written communication skills with the ability to explain complex concepts using simple language
• Strong relationship and stakeholder management skills
• Previous internal audit experience is necessary

Is this your next challenge? Apply now!

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